Trivest Advisors Ltd bought a new stake in TeraWulf Inc. (NASDAQ:WULF – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 401,875 shares of the company’s stock, valued at approximately $4,618,000. TeraWulf accounts for about 0.2% of Trivest Advisors Ltd’s portfolio, making the stock its 26th largest position.
Other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in TeraWulf in the 3rd quarter valued at about $29,000. Comerica Bank lifted its stake in TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after purchasing an additional 12,370 shares during the last quarter. Activest Wealth Management acquired a new stake in TeraWulf in the 4th quarter valued at about $46,000. Rafferty Asset Management LLC acquired a new stake in TeraWulf in the 2nd quarter valued at about $53,000. Finally, Russell Investments Group Ltd. lifted its stake in TeraWulf by 34.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,018 shares of the company’s stock valued at $61,000 after purchasing an additional 3,601 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at TeraWulf
In other TeraWulf news, Director Michael C. Bucella bought 1,665 shares of the stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of $15.04 per share, with a total value of $25,041.60. Following the completion of the acquisition, the director owned 280,052 shares of the company’s stock, valued at $4,211,982.08. This trade represents a 0.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Patrick Fleury sold 573,586 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total transaction of $9,257,678.04. Following the transaction, the chief financial officer directly owned 3,205,000 shares in the company, valued at $51,728,700. This represents a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 8,590 shares of company stock valued at $130,291 and have sold 1,120,850 shares valued at $20,462,114. Insiders own 15.90% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on TeraWulf
TeraWulf Trading Down 8.4%
Shares of WULF stock opened at $24.00 on Friday. The firm has a 50 day moving average price of $21.07 and a two-hundred day moving average price of $16.63. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 33.00. The company has a market capitalization of $11.89 billion, a PE ratio of -9.68 and a beta of 3.82. TeraWulf Inc. has a 12-month low of $3.39 and a 12-month high of $27.47.
TeraWulf (NASDAQ:WULF – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.82). TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.The company had revenue of $34.01 million for the quarter, compared to analyst estimates of $34.69 million. During the same quarter last year, the business earned ($0.16) earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. As a group, analysts predict that TeraWulf Inc. will post -0.96 earnings per share for the current year.
TeraWulf Company Profile
TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.
One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.
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